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Regional Financial Interlinkages and Financial Contagion within Europe

Ötker, Inci - 2009

This paper focuses on financial interlinkages within Europe and potential contagion channeled through these … channels of contagion through financial linkages; and assesses the magnitude of cross-border exposures between emerging and … regional contagion that could help identify the likely pressure points and capture potential spillover effects and propagation …

Persistent link: https://www.econbiz.de/10014404299

Modeling with Macro-Financial Linkages : Credit and Policy Shocks in Emerging Markets

Benes, Jaromir - 2009

This paper develops a stylized, small, open economy macro model that incorporates an explicit and non-trivial role for financial intermediation. It illustrates how such a model could be used for policy analysis in an emerging market economy where policymakers are concerned about risks associated...

Persistent link: https://www.econbiz.de/10014402486

Sovereign Ceilings ""Lite""? : The Impact of Sovereign Ratingson Corporate Ratings in Emerging Market Economies

Borensztein, Eduardo - 2007

Although credit rating agencies have gradually moved away from a policy of never rating a private borrower above the sovereign (the ""sovereign ceiling"") it appears that sovereign ratings remain a significant determinant of the credit rating assigned to corporations. We examine this link using...

Persistent link: https://www.econbiz.de/10014401266

Important Elements for Inflation Targeting for Emerging Economies

Ötker, Inci - 2010

This is the fifth chapter of a forthcoming monograph entitled ""On Implementing Full-Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say."" It examines whether certain conditions have to be met before emerging economies can adopt an inflation-targeting regime and...

Persistent link: https://www.econbiz.de/10014402797

A Panic-Prone Pack? : The Behavior of Emerging Market Mutual Funds

Gelos, Gaston - 2000

This paper explores the behavior of emerging market mutual funds using a novel database covering the holdings of individual funds over the period January 1996 to March 1999. An examination of individual crises shows that, on average, funds withdrew money one month prior to the events. The degree...

Persistent link: https://www.econbiz.de/10014403436

Inflation Pressures and Monetary Policy Options in Emerging and Developing Countries : A Cross Regional Perspective

Ötker, Inci - 2009

This paper analyzes the monetary policy response to rising inflation in emerging and developing countries associated with the food and oil price shocks in 2007 and the first half of 2008. It reviews inflation developments in a sample of countries covering all regions and a broad range of...

Persistent link: https://www.econbiz.de/10014402575

Monetary Independence in Emerging Markets : Does the Exchange Rate Regime Make a Difference?

Philippon, Thomas - 2001

This paper compares the impact of shocks to U.S. interest rates and emerging market bond spreads on domestic interest rates and exchange rates across several emerging market economies with different exchange rate regimes. Consistent with conventional priors, the results indicate that interest...

Persistent link: https://www.econbiz.de/10014401887